What This Process Does


  • Allows user to review Recurring Journal Entry IDs added for the Build Recurring Entries process.


Best Practices


  • Contains the static information regarding Journal Entries that you make on a regular basis.


Maintain Recurring Journal Entry IDs


  1. Finance → Financial Management → Setup → Recurring JE Setup → Recurring IDs → Select a Recurring ID


FIELDSOpt.Rec.Req.Description
Delete This Record♦——Set to true to delete the record
Recurring ID——♦A user-defined ID that is created
Active Flag—♦—If true, Recurring ID is active
Proration Type——♦
  • Flat Amount –
    • use if the account and the amount is the same each time a recurring Journal Entry is applied
    • use if the account is the same but the amount is different each time a J/E is applied; leave the amount field blank when building a recurring J/E and add in an amount when applying the Recurring J/E.
  • Proration Amount – use if you consistently apply percentages to multiple account codes (40% to one account code and 60% to another account code)
  • Unit Rate -
    • use if the recurring J/E is based on a number of units received and the amount and number of units is always the same
    • use if the recurring J/E is based on a number of units received and the amount and number of units is always different when a J/E is applied; leave the amount and unit field blank when building a recurring J/E and add in an amount and number of units when applying the Recurring J/E
Last Applied Date—♦—Last date that this Recurring ID was applied
Description—♦—A description for the Recurring J/E ID; a good way to group and categorize your IDs
Notes♦——Optional notes for the Recurring ID
Opt. = Optional  Rec. = Recommended  Req. = Required